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Harry Cassin Publisher and Editor

Andy Spalding Senior Editor

Jessica Tillipman Senior Editor

Richard L. Cassin Editor at Large

Elizabeth K. Spahn Editor Emeritus 

Cody Worthington Contributing Editor

Julie DiMauro Contributing Editor

Thomas Fox Contributing Editor

Marc Alain Bohn Contributing Editor

Bill Waite Contributing Editor

Shruti J. Shah Contributing Editor

Russell A. Stamets Contributing Editor

Richard Bistrong Contributing Editor 

Eric Carlson Contributing Editor

Bill Steinman Contributing Editor

Aarti Maharaj Contributing Editor


FCPA Blog Daily News

« More from 2015: Five sleazy pieces | Main | Reminder: Call for Papers for 2016 OECD Integrity Forum closes January 15, 2016 »
Tuesday
Jan052016

Our Top Ten List didn't change in 2015 (but here's when it did change)

The biggest FCPA settlement in 2015 was BHP Billiton. It paid $25 million to the SEC to settle Olympics-related FCPA offenses. The case fell far short of the Top Ten List, missing a tenth place finish by a whopping $160 million.

In most years, the Top Ten changes.

Here's what's happened in prior years:

  • In 2014, two enforcement actions  -- Alstom and Alcoa -- landed in the Top Ten.
  • In 2013, two actions -- Total SA and Weatherford -- made the Top Ten.
  • In 2012, the biggest FCPA case was Pfizer. It paid $60 million -- not enough for a Top Ten ranking.
  • In 2011, three cases made it into the Top Ten -- JGC, Magyar Telekom, and Johnson & Johnson.
  • The Top Ten List was transformed in 2010. Eight companies made it -- BAE, Snamprogetti/ENI, Technip, Daimler, Alcatel-Lucent, Panalpina, ABB, and Pride.
  • In 2009, the biggest settlement was Kellogg Brown & Root LLC /Halliburton (Nigeria) at $579 million, still third in the current Top Ten.
  • In 2008, Siemens paid $800 million -- the biggest FCPA enforcement action ever and the oldest entry in the Top Ten.

_____

Here are the current top ten FCPA enforcement actions of all time:

1. Siemens (Germany): $800 million in 2008.

2. Alstom (France): $772 million in 2014.

3. KBR / Halliburton (USA): $579 million in 2009.

4. BAE (UK): $400 million in 2010.

5. Total SA (France) $398 million in 2013.

6. Alcoa (U.S.) $384 million in 2014.

7. Snamprogetti Netherlands B.V. / ENI S.p.A (Holland/Italy): $365 million in 2010.

8. Technip SA (France): $338 million in 2010.

9. JGC Corporation (Japan) $218.8 million in 2011.

10. Daimler AG (Germany): $185 million in 2010.

_____

Richard L. Cassin is the publisher and editor of the FCPA Blog. He can be contacted here.

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